Mark Moss notes that Bitcoin rebounded from $60,000 to over $80,000 despite crash predictions, while gold futures jumped after a flat period. He attributes the moves to expectations of increased money printing to repurchase debt, as the U.S. dollar index fell sharply.
Scott Persin said, this is the signal. Hasn't happened yet, but they were paying attention. Now, the key piece here is that the money hasn't even moved. So here we have Bitcoin, my favorite asset, of course, has been dead. I don't know, it's the 190th time it's been dead. All the analysts are talking it's going to go to $20,000, $30,000. Some say $10,000. Here it is dead. And then boom, it went up $20,000 from in the $60,000 range. Today it's over $80,000. Bitcoin, hard, scarce assets. Just keep that in mind. Here we have gold, gold futures. They've been sitting pretty flat. Boom, gold jumped up. The US dollar index, because if they're going to print more money to buy the debt back, then the dollar is going to lose its value. So you can see how much that dropped. And then the 30-year Treasury index stayed somewhat flat. They didn't really move it a whole lot.
